3.5% interest compounded daily is equivalent to 3.562% annual yield.(It can't possibly be 3.5% daily. That would compound to 28,394,072% in a year.)
We still need to know how often the interest is compounded ... Weekly ? Daily ? Hourly ? What does "continuous" mean ?
5 years
x
Simple interest compounded annually and reinvested will yield 619173.64 before taxes.
The method of costing that will yield the highest net income is FIFO. FIFO stands for first in, first out.
The method of costing that will yield the highest net income is FIFO. FIFO stands for first in, first out.
3.5% interest compounded daily is equivalent to 3.562% annual yield.(It can't possibly be 3.5% daily. That would compound to 28,394,072% in a year.)
High-yield savings accounts typically offer the highest interest rates compared to other types of accounts. These accounts are specifically designed to help you grow your savings faster by providing a competitive interest rate.
The relationship between yield and interest rate in financial investments is that they are directly related. When interest rates increase, the yield on investments also tends to increase, and vice versa. This means that as interest rates go up, the yield on investments will also go up, and as interest rates go down, the yield on investments will also go down.
American Express Personal Savings account is currently offering one of the highest interest rates on your money. They are offering a 1% interest on your money as of August 2011 with no fee.
They are around 1.3% You can see some here http://www.bankaholic.com/money-market/
The relationship between yield and interest rate in investments is that they are directly related. When interest rates go up, the yield on investments also tends to increase. Conversely, when interest rates go down, the yield on investments typically decreases. This means that changes in interest rates can impact the return on investment for investors.
Interest rates vary depending on the bank the savings account is in. For a high yield savings account, interest rates can be from 0.95-3.0% annual percentage yield.
We still need to know how often the interest is compounded ... Weekly ? Daily ? Hourly ? What does "continuous" mean ?
The difference between APY and interest rate is that APY (Annual Percentage Yield) takes into account compound interest, while the interest rate does not. APY reflects the total amount of interest earned on an investment or savings account over a year, including the effect of compounding.
You can find the interest rates on Bond funds by looking up the bond you are interested in sites such as Bloomberg and Yahoo Finance. If you want to sort them out by interest rate (e.g. highest first) then you can do that too.